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Newsletter 131 - 8/9/2017
the eurozone, including the creation of a European Monetary Fund and a sizeable budget for the member... budget fell by 217 million to stand at 1.68 billion. The breakdown of the figures showed that revenues... default rate remains over 2 percent and still exceeds the cure rate, with write-offs being the main
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Primary cash surplus at 1.75 bln as expenditure rises in Sept
EconomyMacroeconomya year ago. As noted previously, this year’s figure includes a one-off item of around 2 billion euros... euros to stand at 4.92 billion euros. The deficit in the Public Investment Budget (PIB) eased to 113... a decline of 111 million euros compared to last year’s deficit, which stood at 2 million euros
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised...’ pensions directly out of the budget rather than through a pension fund. State pensions amounted... a grant, and the state pension as a separate budget item has been all but eliminated. Pension levels
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Newsletter 170 -13/07/2018
on the five islands. The savings are set to come from reductions to the defence budget. Tsakalotos also had...,” the Commission said. 2 Unemployment rate edges up to 20.2 pct in April Number of those employed dips along... increased by 0.9 percent. The Finance Ministry’s projection in the budget sees the HICP rising
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Newsletter 177 -05/10/2018
coincided with the government tabling the draft 2019 budget in Greek Parliament. The plan submitted... euros by selling tier 2 bonds after an agreement with the ECB’s Single Supervisory Mechanism... billion. Overall, the state budget primary balance declined by 912 million euros to stand
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Newsletter 209 -07/06/2019
to gain between 2 and 4 percent. Pulse RC also published two scenarios regarding how the seats... is the result of a significant budget under-execution. It outlined the areas where Greek authorities have spent.... Given that the budget under-execution is not included in the European institutions' baseline scenario
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Newsletter 228 -15/11/2019
, a full 0.5 percent lower than the government’s 2020 budget target, and 2 percent for 2021, with long... on the budget, including the achievability of the 3.5 percent primary surplus target in 2020... into this category, an increase of 502,976 from the previous quarter. 2 Employment balance down by 125,668
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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politics). The aim is to conclude negotiations by the autumn in time for the 2021 budget. Kathimerini reported.... The government has set a goal of 2 percent, but could be content with a 1 percentage point reduction to 2.5 pct of GDP which would give it an additional 2 billion euros of fiscal space in the coming year
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammemechanism that would allow the transfer of unused surpluses from one year’s budget to the next. If approved, this could secure up to 4 billion euros for investments and 2 billion euros for tax relief. The government is searching for over 2 billion euros of fiscal space in the 2021 budget and at least
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammefor over 2 billion euros of fiscal space in the 2021 budget and at least 400-500 million euros... Authority of Public Revenues (IAPR) and the public investment budget. It is reported... euros turned red during the crisis. The banks are calling for more than 2 billion euros of state
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